Traynor Capital Management Inc. Has $1.46 Million Stock Holdings in Direxion Daily Small Cap Bull 3X Shares (NYSEARCA:TNA)

Traynor Capital Management Inc. cut its position in shares of Direxion Daily Small Cap Bull 3X Shares (NYSEARCA:TNA) by 21.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 23,201 shares of the exchange traded fund’s stock after selling 6,315 shares during the period. Traynor Capital Management Inc.’s holdings in Direxion Daily Small Cap Bull 3X Shares were worth $1,460,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in TNA. Bank of New York Mellon Corp acquired a new position in shares of Direxion Daily Small Cap Bull 3X Shares during the 4th quarter worth about $244,000. Virtu Financial LLC increased its stake in shares of Direxion Daily Small Cap Bull 3X Shares by 3.8% during the 1st quarter. Virtu Financial LLC now owns 92,618 shares of the exchange traded fund’s stock worth $5,661,000 after purchasing an additional 3,366 shares during the last quarter. Harvest Investment Services LLC increased its stake in shares of Direxion Daily Small Cap Bull 3X Shares by 3.7% during the 1st quarter. Harvest Investment Services LLC now owns 86,990 shares of the exchange traded fund’s stock worth $5,488,000 after purchasing an additional 3,131 shares during the last quarter. Mercer Global Advisors Inc. ADV acquired a new position in shares of Direxion Daily Small Cap Bull 3X Shares during the 1st quarter worth about $270,000. Finally, BNP Paribas Arbitrage SA acquired a new position in shares of Direxion Daily Small Cap Bull 3X Shares during the 1st quarter worth about $7,640,000.

Shares of Direxion Daily Small Cap Bull 3X Shares stock traded down $1.04 during trading on Wednesday, hitting $53.37. 720,767 shares of the stock were exchanged, compared to its average volume of 3,848,123. The stock has a fifty day moving average of $61.21. Direxion Daily Small Cap Bull 3X Shares has a 1-year low of $35.33 and a 1-year high of $97.12.

About Direxion Daily Small Cap Bull 3X Shares

Direxion Daily Small Cap Bull 3X Shares (the Fund), formerly Direxion Small Cap Bull 3X Shares, seeks daily investment results of 300% of the price performance of the Russell 2000 Index (the Small Cap Index). The Small Cap Index measures the performance of the small-cap segment of the United States equity universe, and consists of the smallest 2,000 companies in the Russell 3000 Index, representing approximately 10% of the total market capitalization of the Russell 3000 Index.

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Institutional Ownership by Quarter for Direxion Daily Small Cap Bull 3X Shares (NYSEARCA:TNA)

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